The VuManChu B Divergences indicator, inspired by Market Cipher B, is a technical analysis tool designed to identify potential buy and sell opportunities by combining several oscillators and divergence signals. It primarily focuses on WaveTrend (WT) and also incorporates RSI, Stochastic RSI, and MFI (Money Flow Index).
Configuration (Settings)
The indicator has many settings organized in groups in the settings window. Key configuration areas include:
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WaveTrend Settings (WT Settings & WT Levels): Control the WaveTrend oscillator itself (length, smoothing, overbought/oversold levels). These are fundamental to the indicator’s core signals.
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Divergence Settings (WT Divergence, RSI Divergence, Stoch RSI Divergence): Enable/disable and adjust sensitivity of divergence detection for WaveTrend, RSI, and Stochastic RSI. You can choose to show regular or hidden divergences.
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RSI + MFI Settings (RSI + MFI Settings): Configure the MFI area and RSI parameters, which contribute to the indicator’s color-coding and pattern detection.
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Pattern Settings (Sommi Flag Pattern Settings, Sommi Diamond Pattern Settings): Enable and adjust parameters for the “Sommi Flag” and “Diamond” patterns, which are higher timeframe pattern confirmations.
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Visuals & Alerts (Color Palette, Dark Mode, Alerts): Customize colors, enable dark mode, and set up alerts for different signals.
Interpretation of Results
The indicator uses visual cues to highlight potential trading signals:
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Circles:
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Little Circles: Simple WaveTrend crossovers (basic information).
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Green/Red Circles: WaveTrend crossovers in oversold (green/buy) or overbought (red/sell) zones, suggesting potential reversals.
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Gold/Orange Circles: Bullish signal (potential buy) after strong bullish divergence in extreme oversold conditions (use with caution, not a strong buy signal).
-
-
Purple Triangles: Indicate bullish or bearish divergences confirmed by WaveTrend crossovers at overbought/oversold levels, suggesting stronger potential reversals.
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Flags & Diamonds (Sommi Patterns): Higher timeframe confirmations. Flags and Diamonds can suggest stronger bearish or bullish setups based on combined conditions of WaveTrend, RSI+MFI, and higher timeframe Heikinashi candles/VWAP.
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Color-Coded WaveTrend: WaveTrend waves are often color-coded based on MACD and RSI+MFI conditions for additional context.
Important Notes on Interpretation
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No Guarantee: Signals are not guaranteed trading signals. Use them as potential areas of interest, not definitive buy/sell orders.
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Confirmation Needed: Always confirm signals with your own analysis, price action, and other indicators.
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Timeframe Matters: Default settings are for 4-hour charts, divergences are generally stronger on higher timeframes. Test and adjust settings for different timeframes.
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Study and Experiment: The indicator is designed for study and learning. Experiment with different settings and observe how the signals correlate with price movements to develop your own understanding and trading strategy.
In essence, the VuManChu B Divergences indicator is a multi-faceted tool that aims to provide a visual and comprehensive view of market momentum, overbought/oversold conditions, and divergences, primarily based on WaveTrend, to aid in identifying potential trading opportunities, but always requiring further analysis and confirmation.
Source of the following script: VuManChu B Divergences · GitHub
//@version=6
// Source: https://gist.github.com/lughino/8bd1697e17b7940abbf242c0658cb2b2
// (Updated to v6 by d_yo_r)
//
// Thanks to dynausmaux for the code..
// Thanks to falconCoin for https://www.tradingview.com/script/KVfgBvDd-Market-Cipher-B-Free-version-with-Buy-and-sell/ inspired me to start this.
// Thanks to LazyBear for WaveTrend Oscillator https://www.tradingview.com/script/2KE8wTuF-Indicator-WaveTrend-Oscillator-WT/
// Thanks to RicardoSantos for https://www.tradingview.com/script/3oeDh0Yq-RS-Price-Divergence-Detector-V2/
// Thanks to LucemAnb for Plain Stochastic Divergence https://www.tradingview.com/script/FCUgF8ag-Plain-Stochastic-Divergence/
// Thanks to andreholanda73 for MFI+RSI Area https://www.tradingview.com/script/UlGZzUAr/
// I especially thanks to TradingView for its platform that facilitates development and learning.
//
// CIRCLES & TRIANGLES:
// - LITTLE CIRCLE: They appear at all WaveTrend wave crossings.
// - GREEN CIRCLE: The wavetrend waves are at the oversold level and have crossed up (bullish).
// - RED CIRCLE: The wavetrend waves are at the overbought level and have crossed down (bearish).
// - GOLD/ORANGE CIRCLE: When RSI is below 20, WaveTrend waves are below or equal to -80 and have crossed up after good bullish divergence (DONT BUY WHEN GOLD CIRCLE APPEAR).
// - None of these circles are certain signs to trade. It is only information that can help you.
// - PURPLE TRIANGLE: Appear when a bullish or bearish divergence is formed and WaveTrend waves crosses at overbought and oversold points.
//
// NOTES:
// - I am not an expert trader or know how to program pine script as such, in fact it is my first indicator only to study and all the code is copied and modified from other codes that are published in TradingView.
// - I am very grateful to the entire TV community that publishes codes so that other newbies like me can learn and present their results. This is an attempt to imitate Market Cipher B.
// - Settings by default are for 4h timeframe, divergences are more stronger and accurate. Haven't tested in all timeframes, only 2h and 4h.
// - If you get an interesting result in other timeframes I would be very grateful if you would comment your configuration to implement it or at least check it.
//
// CONTRIBUTIONS:
// - Tip/Idea: Add higher timeframe analysis for bearish/bullish patterns at the current timeframe.
// + Bearish/Bullish FLAG:
// - MFI+RSI Area are RED (Below 0).
// - Wavetrend waves are above 0 and crosses down.
// - VWAP Area are below 0 on higher timeframe.
// - This pattern reversed becomes bullish.
// - Tip/Idea: Check the last heikinashi candle from 2 higher timeframe
// + Bearish/Bullish DIAMOND:
// - HT Candle is red
// - WT > 0 and crossed down
indicator(title = 'VuManChu B Divergences', shorttitle = 'VMC Cipher_B_Divergences')
// PARAMETERS {
// WaveTrend
wtShow = input(true, title = 'Show WaveTrend')
wtBuyShow = input(true, title = 'Show Buy dots')
wtGoldShow = input(true, title = 'Show Gold dots')
wtSellShow = input(true, title = 'Show Sell dots')
wtDivShow = input(true, title = 'Show Div. dots')
vwapShow = input(true, title = 'Show Fast WT')
wtChannelLen = input(9, title = 'WT Channel Length')
wtAverageLen = input(12, title = 'WT Average Length')
wtMASource = input(hlc3, title = 'WT MA Source')
wtMALen = input(3, title = 'WT MA Length')
// WaveTrend Overbought & Oversold lines
obLevel = input(53, title = 'WT Overbought Level 1')
obLevel2 = input(60, title = 'WT Overbought Level 2')
obLevel3 = input(100, title = 'WT Overbought Level 3')
osLevel = input(-53, title = 'WT Oversold Level 1')
osLevel2 = input(-60, title = 'WT Oversold Level 2')
osLevel3 = input(-100, title = 'WT Oversold Level 3')
// Divergence WT
wtShowDiv = input(true, title = 'Show WT Regular Divergences')
wtShowHiddenDiv = input(false, title = 'Show WT Hidden Divergences')
showHiddenDiv_nl = input(true, title = 'Not apply OB/OS Limits on Hidden Divergences')
wtDivOBLevel = input(45, title = 'WT Bearish Divergence min')
wtDivOSLevel = input(-65, title = 'WT Bullish Divergence min')
// Divergence extra range
wtDivOBLevel_addshow = input(true, title = 'Show 2nd WT Regular Divergences')
wtDivOBLevel_add = input(15, title = 'WT 2nd Bearish Divergence')
wtDivOSLevel_add = input(-40, title = 'WT 2nd Bullish Divergence 15 min')
// RSI+MFI
rsiMFIShow = input(true, title = 'Show MFI')
rsiMFIperiod = input(60, title = 'MFI Period')
rsiMFIMultiplier = input.float(175, title = 'MFI Area multiplier')
rsiMFIPosY = input(2.5, title = 'MFI Area Y Pos')
// RSI
rsiShow = input(false, title = 'Show RSI')
rsiSRC = input(close, title = 'RSI Source')
rsiLen = input(14, title = 'RSI Length')
rsiOversold = input.int(50, title = 'RSI Oversold', minval = 30, maxval = 100)
rsiOverbought = input.int(60, title = 'RSI Overbought', minval = 0, maxval = 70)
// Divergence RSI
rsiShowDiv = input(false, title = 'Show RSI Regular Divergences')
rsiShowHiddenDiv = input(false, title = 'Show RSI Hidden Divergences')
rsiDivOBLevel = input(60, title = 'RSI Bearish Divergence min')
rsiDivOSLevel = input(30, title = 'RSI Bullish Divergence min')
// RSI Stochastic
stochShow = input(true, title = 'Show Stochastic RSI')
stochUseLog = input(true, title = ' Use Log?')
stochAvg = input(false, title = 'Use Average of both K & D')
stochSRC = input(close, title = 'Stochastic RSI Source')
stochLen = input(14, title = 'Stochastic RSI Length')
stochRsiLen = input(14, title = 'RSI Length ')
stochKSmooth = input(3, title = 'Stochastic RSI K Smooth')
stochDSmooth = input(3, title = 'Stochastic RSI D Smooth')
// Divergence stoch
stochShowDiv = input(false, title = 'Show Stoch Regular Divergences')
stochShowHiddenDiv = input(false, title = 'Show Stoch Hidden Divergences')
// Schaff Trend Cycle
tcLine = input(false, title = 'Show Schaff TC line')
tcSRC = input(close, title = 'Schaff TC Source')
tclength = input(10, title = 'Schaff TC')
tcfastLength = input(23, title = 'Schaff TC Fast Lenght')
tcslowLength = input(50, title = 'Schaff TC Slow Length')
tcfactor = input(0.5, title = 'Schaff TC Factor')
// Sommi Flag
sommiFlagShow = input(false, title = 'Show Sommi flag')
sommiShowVwap = input(false, title = 'Show Sommi F. Wave')
sommiVwapTF = input('720', title = 'Sommi F. Wave timeframe')
sommiVwapBearLevel = input(0, title = 'F. Wave Bear Level (less than)')
sommiVwapBullLevel = input(0, title = 'F. Wave Bull Level (more than)')
soomiFlagWTBearLevel = input(0, title = 'WT Bear Level (more than)')
soomiFlagWTBullLevel = input(0, title = 'WT Bull Level (less than)')
soomiRSIMFIBearLevel = input(0, title = 'Money flow Bear Level (less than)')
soomiRSIMFIBullLevel = input(0, title = 'Money flow Bull Level (more than)')
// Sommi Diamond
sommiDiamondShow = input(false, title = 'Show Sommi diamond')
sommiHTCRes = input('60', title = 'HTF Candle Res. 1')
sommiHTCRes2 = input('240', title = 'HTF Candle Res. 2')
soomiDiamondWTBearLevel = input(0, title = 'WT Bear Level (More than)')
soomiDiamondWTBullLevel = input(0, title = 'WT Bull Level (Less than)')
// macd Colors
macdWTColorsShow = input(false, title = 'Show MACD Colors')
macdWTColorsTF = input('240', title = 'MACD Colors MACD TF')
darkMode = input(false, title = 'Dark mode')
// Colors
colorRed = #ff0000
colorPurple = #e600e6
colorGreen = #3fff00
colorOrange = #e2a400
colorYellow = #ffe500
colorWhite = #ffffff
colorPink = #ff00f0
colorBluelight = #31c0ff
colorWT1 = #90caf9
colorWT2 = #0d47a1
colorWT2_ = #131722
colormacdWT1a = #4caf58
colormacdWT1b = #af4c4c
colormacdWT1c = #7ee57e
colormacdWT1d = #ff3535
colormacdWT2a = #305630
colormacdWT2b = #310101
colormacdWT2c = #132213
colormacdWT2d = #770000
// } PARAMETERS
// FUNCTIONS {
// Divergences
f_top_fractal(src) =>
src[4] < src[2] and src[3] < src[2] and src[2] > src[1] and src[2] > src[0]
f_bot_fractal(src) =>
src[4] > src[2] and src[3] > src[2] and src[2] < src[1] and src[2] < src[0]
f_fractalize(src) =>
fb_val = f_bot_fractal(src)
ft_val = f_top_fractal(src)
ft_val
? 1
: fb_val
? -1
: 0
f_findDivs(src, topLimit, botLimit, useLimits) =>
fractalTop = f_fractalize(src) > 0 and (useLimits ? src[2] >= topLimit : true)
fractalBot = f_fractalize(src) < 0 and (useLimits ? src[2] <= botLimit : true)
highPrev = ta.valuewhen(fractalTop , src[2], 0)[2]
highPrice = ta.valuewhen(fractalTop, high[2], 0)[2]
lowPrev = ta.valuewhen(fractalBot, src[2], 0)[2]
lowPrice = ta.valuewhen(fractalBot, low[2], 0)[2]
bearSignal = fractalTop and high[2] > highPrice and src[2] < highPrev
bullSignal = fractalBot and low[2] < lowPrice and src[2] > lowPrev
bearDivHidden = fractalTop and high[2] < highPrice and src[2] > highPrev
bullDivHidden = fractalBot and low[2] > lowPrice and src[2] < lowPrev
[fractalTop, fractalBot, lowPrev, bearSignal, bullSignal, bearDivHidden, bullDivHidden]
// RSI+MFI
f_rsimfi(_period, _multiplier, _tf) =>
request.security(syminfo.tickerid, _tf, ta.sma((close - open) / (high - low) * _multiplier, _period) - rsiMFIPosY)
// WaveTrend
f_wavetrend(src, chlen, avg, malen, tf) =>
tfsrc = request.security(syminfo.tickerid, tf, src)
esa = ta.ema(tfsrc, chlen)
de = ta.ema(math.abs(tfsrc - esa), chlen)
ci = (tfsrc - esa) / (0.015 * de)
wt1 = request.security(syminfo.tickerid, tf, ta.ema(ci, avg))
wt2 = request.security(syminfo.tickerid, tf, ta.sma(wt1, malen))
wtVwap = wt1 - wt2
wtOversold = wt2 <= osLevel
wtOverbought = wt2 >= obLevel
wtCross = ta.cross(wt1, wt2)
wtCrossUp = wt2 - wt1 <= 0
wtCrossDown = wt2 - wt1 >= 0
wtCrosslast = ta.cross(wt1[2], wt2[2])
wtCrossUplast = wt2[2] - wt1[2] <= 0
wtCrossDownlast = wt2[2] - wt1[2] >= 0
[wt1, wt2, wtOversold, wtOverbought, wtCross, wtCrossUp, wtCrossDown, wtCrosslast, wtCrossUplast, wtCrossDownlast, wtVwap]
// Schaff Trend Cycle
f_tc(src, length, fastLength, slowLength) =>
ema1 = ta.ema(src, fastLength)
ema2 = ta.ema(src, slowLength)
macdVal = ema1 - ema2
alpha = ta.lowest(macdVal, length)
beta = ta.highest(macdVal, length) - alpha
gamma = (macdVal - alpha) / beta * 100
gamma := beta > 0 ? gamma : nz(gamma[1])
delta = gamma
delta := na(delta[1]) ? delta : delta[1] + tcfactor * (gamma - delta[1])
epsilon = ta.lowest(delta, length)
zeta = ta.highest(delta, length) - epsilon
eta = (delta - epsilon) / zeta * 100
eta := zeta > 0 ? eta : nz(eta[1])
stcReturn = eta
stcReturn := na(stcReturn[1]) ? stcReturn : stcReturn[1] + tcfactor * (eta - stcReturn[1])
stcReturn
// Stochastic RSI
f_stochrsi(_src, _stochlen, _rsilen, _smoothk, _smoothd, _log, _avg) =>
src = _log ? math.log(_src) : _src
rsi = ta.rsi(src, _rsilen)
kk = ta.sma(ta.stoch(rsi, rsi, rsi, _stochlen), _smoothk)
d1 = ta.sma(kk, _smoothd)
avg_1 = math.avg(kk, d1)
k = _avg ? avg_1 : kk
[k, d1]
// MACD
f_macd(src, fastlen, slowlen, sigsmooth, tf) =>
fast_ma = request.security(syminfo.tickerid, tf, ta.ema(src, fastlen))
slow_ma = request.security(syminfo.tickerid, tf, ta.ema(src, slowlen))
macd = fast_ma - slow_ma
signal = request.security(syminfo.tickerid, tf, ta.sma(macd, sigsmooth))
hist = macd - signal
[macd, signal, hist]
// MACD Colors on WT
f_macdWTColors(tf) =>
hrsimfi = f_rsimfi(rsiMFIperiod, rsiMFIMultiplier, tf)
[macd, signal, hist] = f_macd(close, 28, 42, 9, macdWTColorsTF)
macdup = macd >= signal
macddown = macd <= signal
macdWT1Color = macdup ? hrsimfi > 0 ? colormacdWT1c : colormacdWT1a : macddown ? hrsimfi < 0 ? colormacdWT1d : colormacdWT1b : na
macdWT2Color = macdup ? hrsimfi < 0 ? colormacdWT2c : colormacdWT2a : macddown ? hrsimfi < 0 ? colormacdWT2d : colormacdWT2b : na
[macdWT1Color, macdWT2Color]
// Get higher timeframe candle
f_getTFCandle(_tf) =>
_open = request.security(ticker.heikinashi(syminfo.tickerid), _tf, open, barmerge.gaps_off, barmerge.lookahead_on)
_close = request.security(ticker.heikinashi(syminfo.tickerid), _tf, close, barmerge.gaps_off, barmerge.lookahead_on)
_high = request.security(ticker.heikinashi(syminfo.tickerid), _tf, high, barmerge.gaps_off, barmerge.lookahead_on)
_low = request.security(ticker.heikinashi(syminfo.tickerid), _tf, low, barmerge.gaps_off, barmerge.lookahead_on)
newBar = ta.change(_open)
candleBodyDir = _close > _open
[candleBodyDir, newBar]
// Sommi flag
f_findSommiFlag(tf, wt1, wt2, rsimfi, wtCross, wtCrossUp, wtCrossDown) =>
[hwt1, hwt2, hwtOversold, hwtOverbought, hwtCross, hwtCrossUp, hwtCrossDown, hwtCrosslast, hwtCrossUplast, hwtCrossDownlast, hwtVwap] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen, tf)
bearPattern = rsimfi < soomiRSIMFIBearLevel and wt2 > soomiFlagWTBearLevel and wtCross and wtCrossDown and hwtVwap < sommiVwapBearLevel
bullPattern = rsimfi > soomiRSIMFIBullLevel and wt2 < soomiFlagWTBullLevel and wtCross and wtCrossUp and hwtVwap > sommiVwapBullLevel
[bearPattern, bullPattern, hwtVwap]
f_findSommiDiamond(tf, tf2, wt1, wt2, wtCross, wtCrossUp, wtCrossDown) =>
[candleBodyDir, newBar] = f_getTFCandle(tf)
[candleBodyDir2, newBar2] = f_getTFCandle(tf2)
bearPattern = wt2 >= soomiDiamondWTBearLevel and wtCross and wtCrossDown and not candleBodyDir and not candleBodyDir2
bullPattern = wt2 <= soomiDiamondWTBullLevel and wtCross and wtCrossUp and candleBodyDir and candleBodyDir2
[bearPattern, bullPattern]
// } FUNCTIONS
// CALCULATE INDICATORS {
// RSI
rsi = ta.rsi(rsiSRC, rsiLen)
rsiColor = rsi <= rsiOversold ? colorGreen : rsi >= rsiOverbought ? colorRed : colorPurple
// RSI + MFI Area
rsiMFI = f_rsimfi(rsiMFIperiod, rsiMFIMultiplier, timeframe.period)
rsiMFIColor = rsiMFI > 0 ? #3ee145 : #ff3d2e
// Calculates WaveTrend
[wt1, wt2, wtOversold, wtOverbought, wtCross, wtCrossUp, wtCrossDown, wtCross_last, wtCrossUp_last, wtCrossDown_last, wtVwap] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen, timeframe.period)
// Stochastic RSI
[stochK, stochD] = f_stochrsi(stochSRC, stochLen, stochRsiLen, stochKSmooth, stochDSmooth, stochUseLog, stochAvg)
// Schaff Trend Cycle
tcVal = f_tc(tcSRC, tclength, tcfastLength, tcslowLength)
// Sommi flag
[sommiBearish, sommiBullish, hvwap] = f_findSommiFlag(sommiVwapTF, wt1, wt2, rsiMFI, wtCross, wtCrossUp, wtCrossDown)
//Sommi diamond
[sommiBearishDiamond, sommiBullishDiamond] = f_findSommiDiamond(sommiHTCRes, sommiHTCRes2, wt1, wt2, wtCross, wtCrossUp, wtCrossDown)
// macd colors
[macdWT1Color, macdWT2Color] = f_macdWTColors(macdWTColorsTF)
// WT Divergences
[wtFractalTop, wtFractalBot, wtLow_prev, wtBearDiv, wtBullDiv, wtBearDivHidden, wtBullDivHidden] = f_findDivs(wt2, wtDivOBLevel, wtDivOSLevel, true)
[wtFractalTop_add, wtFractalBot_add, wtLow_prev_add, wtBearDiv_add, wtBullDiv_add, wtBearDivHidden_add, wtBullDivHidden_add] = f_findDivs(wt2, wtDivOBLevel_add, wtDivOSLevel_add, true)
[wtFractalTop_nl, wtFractalBot_nl, wtLow_prev_nl, wtBearDiv_nl, wtBullDiv_nl, wtBearDivHidden_nl, wtBullDivHidden_nl] = f_findDivs(wt2, 0, 0, false)
wtBearDivHidden_ = showHiddenDiv_nl ? wtBearDivHidden_nl : wtBearDivHidden
wtBullDivHidden_ = showHiddenDiv_nl ? wtBullDivHidden_nl : wtBullDivHidden
wtBearDivColor = wtShowDiv and wtBearDiv or wtShowHiddenDiv and wtBearDivHidden_ ? colorRed : na
wtBullDivColor = wtShowDiv and wtBullDiv or wtShowHiddenDiv and wtBullDivHidden_ ? colorGreen : na
wtBearDivColor_add = wtShowDiv and wtDivOBLevel_addshow and wtBearDiv_add or wtShowHiddenDiv and wtDivOBLevel_addshow and wtBearDivHidden_add ? #9a0202 : na
wtBullDivColor_add = wtShowDiv and wtDivOBLevel_addshow and wtBullDiv_add or wtShowHiddenDiv and wtDivOBLevel_addshow and wtBullDivHidden_add ? #1b5e20 : na
// RSI Divergences
[rsiFractalTop, rsiFractalBot, rsiLow_prev, rsiBearDiv, rsiBullDiv, rsiBearDivHidden, rsiBullDivHidden] = f_findDivs(rsi, rsiDivOBLevel, rsiDivOSLevel, true)
[rsiFractalTop_nl, rsiFractalBot_nl, rsiLow_prev_nl, rsiBearDiv_nl, rsiBullDiv_nl, rsiBearDivHidden_nl, rsiBullDivHidden_nl] = f_findDivs(rsi, 0, 0, false)
rsiBearDivHidden_ = showHiddenDiv_nl ? rsiBearDivHidden_nl : rsiBearDivHidden
rsiBullDivHidden_ = showHiddenDiv_nl ? rsiBullDivHidden_nl : rsiBullDivHidden
rsiBearDivColor = rsiShowDiv and rsiBearDiv or rsiShowHiddenDiv and rsiBearDivHidden_ ? colorRed : na
rsiBullDivColor = rsiShowDiv and rsiBullDiv or rsiShowHiddenDiv and rsiBullDivHidden_ ? colorGreen : na
// Stoch Divergences
[stochFractalTop, stochFractalBot, stochLow_prev, stochBearDiv, stochBullDiv, stochBearDivHidden, stochBullDivHidden] = f_findDivs(stochK, 0, 0, false)
stochBearDivColor = stochShowDiv and stochBearDiv or stochShowHiddenDiv and stochBearDivHidden ? colorRed : na
stochBullDivColor = stochShowDiv and stochBullDiv or stochShowHiddenDiv and stochBullDivHidden ? colorGreen : na
// Small Circles WT Cross
signalColor = wt2 - wt1 > 0 ? color.red : color.lime
// Buy signal.
buySignal = wtCross and wtCrossUp and wtOversold
buySignalDiv = wtShowDiv and wtBullDiv or wtShowDiv and wtBullDiv_add or stochShowDiv and stochBullDiv or rsiShowDiv and rsiBullDiv
buySignalDiv_color = wtBullDiv ? colorGreen : wtBullDiv_add ? color.new(colorGreen, 60) : rsiShowDiv ? colorGreen : na
// Sell signal
sellSignal = wtCross and wtCrossDown and wtOverbought
sellSignalDiv = wtShowDiv and wtBearDiv or wtShowDiv and wtBearDiv_add or stochShowDiv and stochBearDiv or rsiShowDiv and rsiBearDiv
sellSignalDiv_color = wtBearDiv ? colorRed : wtBearDiv_add ? color.new(colorRed, 60) : rsiBearDiv ? colorRed : na
// Gold Buy
lastRsi = ta.valuewhen(wtFractalBot, rsi[2], 0)[2]
wtGoldBuy = (wtShowDiv and wtBullDiv or rsiShowDiv and rsiBullDiv) and wtLow_prev <= osLevel3 and wt2 > osLevel3 and wtLow_prev - wt2 <= -5 and lastRsi < 30
// } CALCULATE INDICATORS
// DRAW {
bgcolor(darkMode ? color.new(#000000, 80) : na)
zLine = plot(0, color = color.new(colorWhite, 50))
// MFI BAR
rsiMfiBarTopLine = plot(rsiMFIShow ? -95 : na, title = 'MFI Bar TOP Line')
rsiMfiBarBottomLine = plot(rsiMFIShow ? -99 : na, title = 'MFI Bar BOTTOM Line')
fill(rsiMfiBarTopLine, rsiMfiBarBottomLine, title = 'MFI Bar Colors', color = rsiMFIColor)
// WT Areas
plot(wtShow ? wt1 : na, style = plot.style_area, title = 'WT Wave 1', color = macdWTColorsShow ? macdWT1Color : colorWT1)
plot(wtShow ? wt2 : na, style = plot.style_area, title = 'WT Wave 2', color = macdWTColorsShow ? macdWT2Color : darkMode ? colorWT2_ : colorWT2)
// VWAP
plot(vwapShow ? wtVwap : na, title = 'VWAP', color = color.new(colorYellow, 45), style = plot.style_area, linewidth = 2)
// MFI AREA
rsiMFIplot = plot(rsiMFIShow ? rsiMFI : na, title = 'RSI+MFI Area', color = rsiMFIColor)
fill(rsiMFIplot, zLine, rsiMFIColor)
// WT Div
plot(series = wtFractalTop ? wt2[2] : na, title = 'WT Bearish Divergence', color = wtBearDivColor, linewidth = 2, offset = -2)
plot(series = wtFractalBot ? wt2[2] : na, title = 'WT Bullish Divergence', color = wtBullDivColor, linewidth = 2, offset = -2)
// WT 2nd Div
plot(series = wtFractalTop_add ? wt2[2] : na, title = 'WT 2nd Bearish Divergence', color = wtBearDivColor_add, linewidth = 2, offset = -2)
plot(series = wtFractalBot_add ? wt2[2] : na, title = 'WT 2nd Bullish Divergence', color = wtBullDivColor_add, linewidth = 2, offset = -2)
// RSI
plot(rsiShow ? rsi : na, title = 'RSI', color = rsiColor, linewidth = 2)
// RSI Div
plot(series = rsiFractalTop ? rsi[2] : na, title = 'RSI Bearish Divergence', color = rsiBearDivColor, linewidth = 1, offset = -2)
plot(series = rsiFractalBot ? rsi[2] : na, title = 'RSI Bullish Divergence', color = rsiBullDivColor, linewidth = 1, offset = -2)
// Stochastic RSI
stochKplot = plot(stochShow ? stochK : na, title = 'Stoch K', color = color.new(#21baf3, 0), linewidth = 2)
stochDplot = plot(stochShow ? stochD : na, title = 'Stoch D', color = color.new(#673ab7, 60), linewidth = 1)
stochFillColor = stochK >= stochD ? color.new(#21baf3, 75) : color.new(#673ab7, 60)
fill(stochKplot, stochDplot, title = 'KD Fill', color = stochFillColor)
// Stoch Div
plot(series = stochFractalTop ? stochK[2] : na, title = 'Stoch Bearish Divergence', color = stochBearDivColor, linewidth = 1, offset = -2)
plot(series = stochFractalBot ? stochK[2] : na, title = 'Stoch Bullish Divergence', color = stochBullDivColor, linewidth = 1, offset = -2)
// Schaff Trend Cycle
plot(tcLine ? tcVal : na, color = color.new(#673ab7, 25), linewidth = 2, title = 'Schaff Trend Cycle 1')
plot(tcLine ? tcVal : na, color = color.new(colorWhite, 50), linewidth = 1, title = 'Schaff Trend Cycle 2')
// Draw Overbought & Oversold lines
plot(obLevel, title = 'Over Bought Level 1', color = color.new(colorWhite, 35), linewidth = 1, style = plot.style_cross)
plot(obLevel2, title = 'Over Bought Level 2', color = color.new(colorWhite, 35), linewidth = 1, style = plot.style_stepline)
plot(obLevel3, title = 'Over Bought Level 3', color = color.new(colorWhite, 35), linewidth = 2, style = plot.style_circles)
plot(osLevel, title = 'Over Sold Level 1', color = color.new(colorWhite, 35), linewidth = 1, style = plot.style_cross)
plot(osLevel2, title = 'Over Sold Level 2', color = color.new(colorWhite, 35), linewidth = 1, style = plot.style_stepline)
// Sommi flag
plotchar(sommiFlagShow and sommiBearish ? 108 : na, title = 'Sommi bearish flag', char = 'âš‘', color = color.new(colorPink, 0), location = location.absolute, size = size.tiny)
plotchar(sommiFlagShow and sommiBullish ? -108 : na, title = 'Sommi bullish flag', char = 'âš‘', color = color.new(colorBluelight, 0), location = location.absolute, size = size.tiny)
plot(sommiShowVwap ? ta.ema(hvwap, 3) : na, title = 'Sommi higher VWAP', color = color.new(colorYellow, 15), linewidth = 2, style = plot.style_line)
// Sommi diamond
plotchar(sommiDiamondShow and sommiBearishDiamond ? 108 : na, title = 'Sommi bearish diamond', char = 'â—†', color = color.new(colorPink, 0), location = location.absolute, size = size.tiny)
plotchar(sommiDiamondShow and sommiBullishDiamond ? -108 : na, title = 'Sommi bullish diamond', char = 'â—†', color = color.new(colorBluelight, 0), location = location.absolute, size = size.tiny)
// Circles
plot(wtCross ? wt2 : na, title = 'Buy and sell circle', color = signalColor, style = plot.style_circles, linewidth = 3)
plotchar(wtBuyShow and buySignal ? -107 : na, title = 'Buy circle', char = '·', color = color.new(colorGreen, 50), location = location.absolute, size = size.small)
plotchar(wtSellShow and sellSignal ? 105 : na, title = 'Sell circle', char = '·', color = color.new(colorRed, 50), location = location.absolute, size = size.small)
plotchar(wtDivShow and buySignalDiv ? -106 : na, title = 'Divergence buy circle', char = '•', color = buySignalDiv_color, location = location.absolute, size = size.small, offset = -2)
plotchar(wtDivShow and sellSignalDiv ? 106 : na, title = 'Divergence sell circle', char = '•', color = sellSignalDiv_color, location = location.absolute, size = size.small, offset = -2)
plotchar(wtGoldBuy and wtGoldShow ? -106 : na, title = 'Gold buy gold circle', char = '•', color = color.new(colorOrange, 15), location = location.absolute, size = size.small, offset = -2)
// } DRAW
// ALERTS {
// BUY
alertcondition(buySignal, 'Buy (Big green circle)', 'Green circle WaveTrend Oversold')
alertcondition(buySignalDiv, 'Buy (Big green circle + Div)', 'Buy & WT Bullish Divergence & WT Overbought')
alertcondition(wtGoldBuy, 'GOLD Buy (Big GOLDEN circle)', 'Green & GOLD circle WaveTrend Overbought')
alertcondition(sommiBullish or sommiBullishDiamond, 'Sommi bullish flag/diamond', 'Blue flag/diamond')
alertcondition(wtCross and wtCrossUp, 'Buy (Small green dot)', 'Buy small circle')
// SELL
alertcondition(sommiBearish or sommiBearishDiamond, 'Sommi bearish flag/diamond', 'Purple flag/diamond')
alertcondition(sellSignal, 'Sell (Big red circle)', 'Red Circle WaveTrend Overbought')
alertcondition(sellSignalDiv, 'Sell (Big red circle + Div)', 'Buy & WT Bearish Divergence & WT Overbought')
alertcondition(wtCross and wtCrossDown, 'Sell (Small red dot)', 'Sell small circle')
// } ALERTS
